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Hey Mossed, the S&P 500 is at 795

Discussion in 'Political Discussion' started by PatriotsReign, Feb 17, 2009.

  1. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    Mossed, I know you've been waiting to see if the S&P 500 will get below 800....well, it's happening. That's not to say the PPT won't step in and get back obove 800 before the day ends.
     
  2. PatsFanInVa

    PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

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    PPT = automatic trading cutoff program? I know it must stand for something and I'm pretty sure it doesn't mean Microsoft Powerpoint actually controls the S&P...
     
  3. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    Clearly the stock market LOVES the Obama Spending Plan.
     
  4. sdaniels7114

    sdaniels7114 Experienced Starter w/First Big Contract

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    He's likely talking about this.
     
  5. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    EXACTLY! The Plunge Protection Team could be on the move today! The markets were crashing big time this morning, but have now stabilized somewhat for now. it could just be investors or it could be forces from "Outside" the market.

    Who knows?
     
    Last edited: Feb 17, 2009
  6. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    They're about what the futures pointed to. We'll see what the day brings but being down 300 in the first 10 minutes doesn't mean they'd drop 300 every 10 minutes without your PPT.
     
  7. PatsFanInVa

    PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

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    Okay now I have a mental picture of guys in business suits and capes flying in with massive plungers in hand...
     
  8. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    I understand that...that's why I said "who knows?"

    It's just one of those mysteries. If there is such a team...actually, it's a fact that there is a "team", but we don't know exactly what they do. but if they bought & sold stocks to prevent "plunges", how would you feel about that?
     
  9. PatsFanInVa

    PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

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    Can't say how concerned one can be, given that the government buys whole companies now, never mind stock.
     
  10. Run DMC

    Run DMC In the Starting Line-Up

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    #24 Jersey

    Now that 800 is violated, the wheels are now going to fall off. Long term Dow support is at 7200 and 6400. Spy support at 675. Good luck.
     
  11. Run DMC

    Run DMC In the Starting Line-Up

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    #24 Jersey

    Looks like we will successfully retest the november lows today. I would say now and Monday is the time to start your buying. I picked up emerging market shares today. I will hold my silver for 2 more more weeks, then I am selling it at a nice profit. There is a slight possibility that we may hit 6000/600 in the Fall, but we are definitely very close, if not at the lows, on the market. I am buying today and have been and will continue to dollar cost average in my 401k. I think the worst is over but it will probably very slowly and quite normally go up for the next 8 or so years. Risk to reward is just too compelling right now in favor of the stock market. Happy trails.
     
  12. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    I also moved some of what I had in cash back into the market today. I don't have a clue if we're at the low and I wouldn't have done it had I needed the money in 6 months but I do think that long term we'll consider this close enough to the bottom to start putting some back in.
     
  13. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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  14. Run DMC

    Run DMC In the Starting Line-Up

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    #24 Jersey

    Market will rally this week. Don't worry the water is safe:
    white-shark-kayakTpeschak.jpg
     
  15. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    Awesome picture!
     
  16. Synovia

    Synovia In the Starting Line-Up

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    Just as it loved Bush? The DJI was 11K when bush took over, and 8500 and trending down hard when he left.
     
  17. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    I didn't say anything about Bush. If Bush is your only defense of Obama there's a problem. Bottom line, it's down about 30% since election day. I'm still waiting the for change I can believe in.
     
  18. Real World

    Real World Moderator Staff Member

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    B o o o o o o o s h
     
  19. Bigdogx

    Bigdogx On the Game Day Roster

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    It's a continuing trend on this board, the democrats know Obama is handling this situation completely wrong, they know it will fail along with Obama, but they are still to proud to admit their guy is no different then the last. Maybe in a few years they will admit it, but for right now they will just continue to talk bush when we are talking Obama, it's the only thing they can grasp at right now.
     
  20. Synovia

    Synovia In the Starting Line-Up

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    I'm sorry, but the president elect is not responsible, and has control of nothing, between Nov and January.
     

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